Intel Capital takes a stake: News from iBiquity Digital Corp

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Intel Capital, Intel's strategic investment programme, has invested in iBiquity Digital Corporation. Financial terms were not disclosed. 'Intel Capital's investment further reinforces today's significant HD Radio momentum', said Robert Struble, President and CEO of iBiquity Digital Corporation.

'We look forward to working with Intel Capital to accelerate the commercialisation of HD Radio particularly in the area of portable HD radio devices'.

'Future HD radio products will include not only millions of traditional radio products but new portable digital media devices such as mobile phones and digital media players'.

'This investment signals Intel Capital's support for HD radio', said Sriram Viswanathan, Managing Director for Intel Capital's Mobility investments.

'We view HD Radio as an exciting new addition to the digital media landscape and look forward to evaluating a host of exciting opportunities to enable affordable, portable and low-power digital media devices that include HD radio'.

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News Release from: iBiquity Digital Corp Edited by the Electronicstalk Editorial Team on 22 November 2005

Intel Capital takes a stake

Intel Capital, Intel's strategic investment programme, has invested in iBiquity Digital Corporation.

Note: Readers of the Editor’s free email newsletter will have read this news when it was announced. . It’s free!

News Release from: iBiquity Digital Corp
Edited by the Electronicstalk Editorial Team on 22 November 2005